MISSISSIPPI LEGISLATURE

1999 Regular Session

To: Local and Private Legislation

By: Representatives Chaney, Flaggs

AN ACT TO AUTHORIZE THE CITY OF VICKSBURG TO EXERCISE THE AUTHORITY GRANTED TO CERTAIN MUNICIPALITIES IN ACQUIRING AND USING LAND AND OTHER PROPERTY FOR THE ESTABLISHMENT OF CONVENTION CENTERS; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. The governing authorities of the City of Vicksburg, Mississippi, may exercise all of the authority granted to certain municipalities under Sections 17-3-9 through 17-3-19, Mississippi Code of 1972. If the City of Vicksburg chooses to exercise the authority granted by this act, it will be subject to all of the provisions of Sections 17-3-9 through 17-3-19, Mississippi Code of 1972. If in the exercise of authority granted under this act, the City of Vicksburg leases facilities and the property on which the facilities are located to a tax-exempt nonprofit corporation under the authority of this section, the city may transfer the facilities and property to the nonprofit corporation for a nominal consideration at the end of the lease period. The deed or other instrument of conveyance of the facilities and property shall contain a reverter clause providing that title will revert to the city if the facilities and property cease to be used for the purposes for which they were used at the time they were transferred to the nonprofit corporation.

SECTION 2. This act shall take effect and be in force from and after its passage.